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25-Oct-2017 11:11

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Shell vows to press on with projects amid cost cuts and falling profits Shell has pledged to continue with its controversial tar sands projects but has been forced to consider far-reaching cost cuts to keep the operations going after they lost m (£28m) in the last three months.Peter Voser, the company's chief executive, said the success of its investment at Athabasca in Canada should be judged over decades, not just a period when crude prices had slumped to a barrel, down from 0 a barrel last year."When we build projects, we take a long-term view.Colin Palmer, founder of the Windcluster company, which owns part of the Haverigg wind farm, said he was horrified that such a plan could be considered at a time when Britain risks missing its green energy targets and after reassurance from ministers that nuclear and renewables were not incompatible.Creating a genuine and effective Carbon price differential will be awkward, perhaps impossible.It may not be a popular thing to say, but all the feel-good talk about carbon emission policies may be obscuring a bigger and more important problem: Our society's long-entrenched habit of rampant over- consumption.When we focus on carbon-emissions, are we postponing a change in consumer behavior that could be more beneficial over a long time?

As the title suggests, the challenge demands international cooperation on a scale rarely, if ever before, achieved, but he's optimistic a global deal can be reached, if only because the stakes are so high, the alternative so grim, and the prize -- a secure planet on a sustainable path to prosperity -- so great.

Carbon Taxes will stop working after a few years, and Carbon Caps are already strongly resisted.

As for Carbon Trading, the incentive to cheat, the “leakage”, will mean that most exchanges will be measured in “hot air” - virtual Carbon emissions.

Asked by MPs on the committee whether the European Emissions Trading scheme was insufficient to meet these targets, Humphrey Cadoux-Hudson, managing director of new nuclear build at EDF, agreed.

Schemes to reflect sun or absorb CO2 warrant study - to sort the real science from the science fiction Emissions of carbon dioxide are rising even faster than was expected, and if they continue to do so we are on track for global temperatures which are likely to be 4C higher, or even more, by 2100, with disastrous consequences.

Extensive climate change is now affecting every form of life in the Arctic, according to a major new assessment by international polar scientists.



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